- GLI Finance has raised £20.0m through a placing of 34,500,000 new ordinary shares at 58p apiece with new and existing institutional and other investors.

The placing shares being issued represent 16.6% of the company's existing issued share capital. Completion of the placing remains subject to the passing of a special resolution to disapply pre-emption rights at an extraordinary general meeting on 16 March.

At 1:49pm: [LON:GLIF] GLI Finance Ltd share price was +1.5p at 61.5p

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